Guardfolio Research · ETF Concentration
VGT ETF Concentration: Top 10 Holds 62.4%
VGT (Vanguard Information Technology ETF) has an HHI of 750.94 and about 13.32 effective positions as of 2026-08-22. The largest holding is about 17.2%; the Top 10 sum to 62.4%, led by NVDA, AAPL, MSFT, AVGO, MU. Vanguard Information Technology is one of the most concentrated large equity ETFs in the Guardfolio 22-fund set.
Concentration Snapshot
Band
Very high concentration versus the Guardfolio 22-fund ETF set. Peer context: XLK HHI 590.81; VUG HHI 565.32; IWF HHI 470.26.
The Data
VGT top holdings and concentration math
Weights are normalized from licensed full holdings. HHI is the sum of squared percentage weights. Effective positions = 10,000 / HHI. This page is part of Guardfolio's concentration cluster, separate from ETF overlap pair pages.
| Provider | Financial Modeling Prep |
|---|---|
| Fund date | 2026-08-22 |
| Holdings counted | 320 |
| Top 3 / Top 5 | 44.4% / 52.4% |
| Holding | Weight |
|---|---|
| NVIDIA Corp (NVDA) | 17.2% |
| Apple Inc (AAPL) | 16.3% |
| Microsoft Corp (MSFT) | 11.0% |
| Broadcom Inc (AVGO) | 4.2% |
| Micron Technology Inc (MU) | 3.8% |
| Advanced Micro Devices Inc (AMD) | 3.2% |
| Cisco Systems Inc (CSCO) | 1.9% |
| Applied Materials Inc (AMAT) | 1.7% |
| Intel Corp (INTC) | 1.7% |
| Lam Research Corp (LRCX) | 1.5% |
Educational snapshot only. Holdings and weights change. HHI does not measure return correlation or future risk.
Why it matters
Concentration vs overlap for VGT holders
Vanguard Information Technology is one of the most concentrated large equity ETFs in the Guardfolio 22-fund set. If you also hold QQQ, VUG, IWF or a megacap stock, look-through exposure can stack even when fund labels look different. After this page, check pairwise overlap and the portfolio concentration calculator.
ETF overlap checker · Concentration risk hub · Portfolio X-Ray
FAQ
VGT concentration: common questions
How concentrated is VGT?
VGT has an HHI of 750.94 and about 13.32 effective positions based on licensed full holdings dated 2026-08-22. The largest holding is about 17.2% and the Top 10 holdings sum to about 62.4%.
What are the largest holdings in VGT?
The largest contributors include NVIDIA Corp (NVDA) 17.2%; Apple Inc (AAPL) 16.3%; Microsoft Corp (MSFT) 11.0%; Broadcom Inc (AVGO) 4.2%; Micron Technology Inc (MU) 3.8%; Advanced Micro Devices Inc (AMD) 3.2%; Cisco Systems Inc (CSCO) 1.9%; Applied Materials Inc (AMAT) 1.7%.
Is VGT more concentrated than the S&P 500?
Yes on this snapshot. VGT's HHI of 750.94 sits above broad S&P 500 wrappers in the Guardfolio 22-fund set. Compare Top 10 weight (62.4%) with SPY/VOO on the concentration benchmarks page.
Does concentration mean VGT overlaps with other ETFs?
Concentration measures how much weight sits in a few names inside one fund. Overlap measures shared holdings across two funds. A concentrated ETF can still pair badly with another fund that owns the same megacaps. Check the ETF overlap checker after you review concentration.
Related concentration pages